Former TC3 Residence Halls 18 Fairview Drive

CBRE is pleased to present a rare opportunity to acquire and redevelop a three-building portfolio of modern, purpose-built residence halls located on the campus of Tompkins-Cortland Community College (TC3). With construction starting in 2008, these contemporary buildings offer robust, institutional-quality, modern infrastructure and efficient layouts, making them ideal for adaptive reuse into a variety of possible residential formats, including apartments, workforce housing, veterans housing, senior living/age-restricted communities, and more. The development project has excellent potential to fulfill the need for community-serving projects and may be eligible for grants and incentives.

The offering consists of three buildings totaling 117,000 SF on 28.05 AC (to be subdivided) with relatively high elevation, offering breathtaking vistas of the surrounding countryside. The buildings are located in an area of the campus that can be easily and directly accessed from outside the boundaries of the college, while its immediately neighboring location offers access to the college‘s long list of amenities. Strategically positioned between Ithaca and Cortland with strong demand for housing, the property provides a flexible foundation for a variety of redevelopment paths. This offering caters to local, regional, and national developers, as well as mission-driven investors seeking scale, quality construction, and value-add potential.